Kosfeld, Michael; Riedl, Arno - Tinbergen Instituut - 2004
difference between them concerns the question of “who punishes”. In the first approach, punishment is executed by the group … members themselves individually, i.e., punishment is decentral in nature. The second approach is based on the idea that … individuals may be willing to delegate the punishment to a central, external authority. The key questions to answered are, whether …